Zenith Energy

1.050

0.000

Volume:- -

Turnover:8.91M

Market Cap:251.78M

PE:19.88

High:1.050

Open:1.050

Low:1.050

Close:1.050

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Monero price eyes $500, but $420 stands as the next key hurdle 7 seconds ago

cryptonews

·

02 Jun

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It happened as the demand for privacy coins like Horizen  and Zcash  jumped.On-chain data shows that Monero’s exchange outflows surged to $8.9 million last week—the largest jump this year. Exchange outflows typically indicate that investors are moving tokens into self-custody, a potentially bullish signal.Monero’s funding rate has remained positive since May 15, suggesting that traders expect future prices to be higher than the current spot price. A positive funding rate is often viewed as a bullish catalyst, as crypto.news reported.XMR’s momentum further accelerated after hackers reportedly used the coin to move over $300 million in suspected stolen funds. 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